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Article 22/06/2021
Today, any operations within the shipping and trade industry, and in consequence, the insurance industry which supports it, must include knowledge of and ensuring compliance with international sanctions. Failure to do so can result in serious fines and possibly penal sanctions.
Article 04/03/2021
At the beginning of February, Singapore became the latest Asian jurisdiction to introduce mandatory data breach notification rules. The new rules were enacted as amendments to Singapore’s Personal Data Protection Act 2012 (“PDPA”), which has been in effect for more than six years.
Article 30/11/2020
2020 began with a continuation of some positive changes within the marine industry. Automation was gathering even more impetus. The IMO’s long-awaited sulphur regulations came into effect on 1 January 2020, the implementation of which passed with fewer problems than had been feared. Then COVID-19 came along and changed everyone’s lives.
Article 12/12/2019
On Monday, 9 December, the US imposed sanctions imposed on Ventspils Freeport Authority - a by-product of sanctions imposed on the primary target Aivars Lembergs, a Latvian oligarch and mayor of Ventspils. Lembergs is said by the US authorities to own or control the VFA (and three other Latvian entities that also had sanctions imposed on them).
Article 10/12/2019
On November 5, 2019 the Office of Foreign Asset Control (OFAC) issued new Frequently Asked Questions (FAQs) clarifying the impact of US sanctions imposed against Iran on the bunkering industry.
Article 23/08/2019
Since 2010, the Environment Agency (EA) has had the ability to impose ‘civil sanctions’ in lieu of criminal prosecution for certain environmental offences.
News 03/06/2019
Report 17/01/2019
In a global insurance environment facing change at an unprecedented rate, the London Market’s experience and expertise remains reassuringly consistent. As 2019 promises to continue down this evolutionary path, we offer our predictions on some of the London Market’s priority areas.
News 01/11/2018
We are pleased to announce that we have increased our presence in the EMEA region through an association with Israeli firm Zelichov, Ben-Dan & Co, with whom we have been working for over ten years.
Case review 31/10/2018
On 12 October 2018 the Commercial Court handed down judgment in the Mamancochet Mining case.
